These 5 Wisconsin Retailers Are Raising Prices Due To Tariffs

Usage of the word "Tariff" has gone up significantly in recent months. Many question what a rise in prices will look like.

We have all been preparing for these. Cheapism went on to say,

Prices are climbing at big-name retailers — and it’s not just inflation this time. A new round of import tariffs, including a flat 10% on most goods and up to 50% on products from places like China, Vietnam, and Indonesia, is putting serious pressure on retail margins. Some chains have already raised prices across the board. Others are hiking them selectively. And then there are those still holding the line, for now.

The following list are of major retailers throughout America. Cheapism also commented on each of these.

The List Of Retailers  I wisconsin

- Walmart

On a mid-May earnings call, Walmart said it will raise prices on some products because of tariffs. CFO John David Rainey told CNBC, “We’re trying to navigate this the best that we can. But this is a little bit unprecedented in terms of the speed and magnitude in which the price increases are coming.”

- Macy’s

Macy’s is adjusting prices and trimming certain products as part of what CEO Tony Spring calls a selective approach to rising costs. “There are going to be items that are the same price as they were a year ago.

- Best Buy

Best Buy has raised prices on some products as of mid-May to deal with higher import tariffs, CEO Corie Barry confirmed during a May 29 earnings call, as reported by CNBC. She called it a “last resort” after cutting costs in other areas.

- Nike

Nike is raising prices across a range of products starting June 1. Best-selling items priced between $100 and $150 will go up by as much as $5, while those over $150 will increase by up to $10. The company says it’s part of seasonal planning, but the move comes right as new tariffs on imports from China and Vietnam — where much of Nike’s manufacturing happens — go into effect.

- Target

Target is trying to avoid big price hikes, but tariffs are already showing up on its shelves. While CEO Brian Cornell has called raising prices a “last resort,” some increases are happening.

You can find a longer list here.